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India’s renewable energy sector reeling under a slowdown

As India’s renewable energy sector reels under a slowdown, the total installed renewable capacity grew by a meagre 0.9 percent over the last month
New Delhi: As India’s renewable energy sector reels under a slowdown, the total installed renewable capacity grew by a meagre 0.9 percent over the last month. At the end of October, India’s renewable capacity stood at 83.38 GW, up from 82.58 GW in September, data sourced from the Ministry of New and Renewable Energy (MNRE) showed. The ministry spent Rs 2,770.59 crores up to October 31, which is around 52.7 percent of the total budgetary allocation. The news comes as the BJP government aims to push India’s total RE capacity to 175 GW by December 2022. And at the recently concluded United Nations Climate Action Summit in New York in September, Prime Minister Narendra Modi committed to increasing India’s RE capacity to 450 GW by 2030 as a part of a stronger climate action plan.

India’s renewable capacity went up by 5063.10 MW in 2019-20

A total of 5063.10 MW of renewable energy capacity has been added during the year 2019-20. This includes 37.09 GW of wind, 31.70 GW of solar, 9.94 GW of bio-power and 4.65 GW of small hydro power. Further, projects of 30.06 GW capacity are at various stages of implementation and 39.67 GW capacity are under various stages of bidding, data showed. While responding to a question in the Parliament, Singh had said that solar power capacity addition was 5,525.98 MW in 2016-17, 9,362.63 MW in 2017-18 and 6,529.20 MW in 2018-19.

Status report for FY2019-20

According to the data, in the April-August period, India’s total RE capacity stood at 42.72 GW against a target of 118.02 GW for FY2019-20. India has so far managed to achieve around 36 percent of what the government is targeting to achieve in the current financial year. With respect to wind power, the ministry has achieved a capacity of 1.30 GW between April-August, against a target of 3 GW for FY2019-20. Ground-mounted solar power has grown to 2.47 GW in the period against a target of 7.5 GW. Roof Top solar power, on the other hand, has reached a capacity of 0.44 MW against a target of 1 GW. Small hydropower stands at 0.01765 GW against a target of 0.05 GW. Biomass capacity stands at 0.028 GW against a target of 0.25 GW. The waste-to-power generation capacity is a small 1.50 MW but it is also the closest to its target of 2.00 MW. The figures are for the five-month period and the targets are meant to be achieved by March 31, 2020.